Sears in Toms River to Close

The Toms River Sears was spared last year when the company closed nearly 400 Sears and Kmart stores. Business Insider is reporting that Sears at Ocean County Mall will be included in this upcoming closure of 103 stores.

The shutdown of these stores is due to very poor sales. Sears Holding Company's profits have plummeted 45% since 2013, they are $4 billion in debt and continue to lose another $1 billion every year.

After Sears closes, it will leave an enormous space on the Ocean County Mall property. What could possibly move in? Will it be several different retailers? All I know is that I'm going to have to find a new place for tires.